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Hyperlocal news and updates.

Pro-tips for Buying and Selling Real Estate.

July 4, 2017

Redondo Beach CA Top Rated Real Estate Agents

Top Rated Real Estate Agent Redondo Beach CA

So if you ask me who is the best Real Estate Agent in Redondo Beach of course I am going to say yours truly. I'm sure you wouldn't expect anything less.

Actually Zillow has come to the same conclusion and often rates me number one in a number of their ranking categories (most reviews, sales, listings, etc).

Over the past 6 months I have had 6 closed sales in Redondo Beach: 4 listings and 2 buyer sales. Here's some of the many reasons people rate me so favorably on their reviews other than my amazing customer service.

My listings sell quickly over the asking price, quickly and with multiple offers.

My Buyers pay less than the list price.

So basically whichever side of the transaction you are on, I'm making something special happen.

Here's the case studies.

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June 18, 2017

North Redondo Beach Market Update: May 2017

 

May finished with 49 closed sales in North Redondo Beach making it the best month so far in 2017 and brining the total closed sales in 2017 to 189. Scroll down to the bottom of this article to view all the sold properties in detail with full MLS descriptions and multiple pictures.

Here's the YTD recap by month:

  • January 23
  • February 33
  • March 41
  • April 43
  • May 49

So before we start writing headlines that "sales are up 15%" let's take a step back for a second and look a little more closely at the data.

Last year Jan-May there were 193 closed escrows in North Redondo. During May there were 51 closed sales. So for the same period, just a few less sales which can be a timing issue.

For the first five months of 2016 the average sales price in 90278 was $914,220 and the median was $878,250. The average days on market was 40. The highest priced home sold during that period in 2016 was $1,699,000 and the lowest was $319,000.

During the first five months of 2017, the average sales price was $957,496 and the median was $927,500. The highest priced home was $1,725,000. Coincidentally the average days on market was 40.

I'm sure the same numbers that jump out at me catch your attention. Compared to the same period last year both the average and median are up around $50K. That $50K as a percentage may be "only" around 5% but I'm going to guess that as a Seller you would rather have $50K than not. And in some cases, as I will discuss below, a lot more than $50K. Of course as a Buyer this can't be too encouraging.

Before we take a deeper look at North Redondo Sales in May here's what the other Beach Cities looked like:

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June 16, 2017

HGTV: Reality TV Not Real Estate

 

HGTV: Never watched it until very recently. Really. What I have done is help hundreds of Buyers and Sellers actually do transactions, preview thousands of properties, go on endless inspections, meet with appraisers, contractors, and everyone else in the process. But HGTV, no.

It could be that maybe I'm the only one I know who wasn't watching it but I'm watching it now. Why? I realize that just as all most of my clients are addicted to Zillow, or at least for the time they are buying or selling a home, they are also consuming tons of content from this channel. 

My attitude about all this is the same as how I view Zillow and other portal websites that offer listings, AVMs, advice and more. It has a purpose and place but there's just enough data points out there on the Internet to get the public totally and completely confused. I guess that goes for cable TV too because as far as I can tell from my admittedly limited viewing time, this some some really out there stuff (or substitute another more vernacular "s" word.)

So what prompted this post was an episode I just watched. If this is what Buyers think the home buying process is like or what Realtors do, wow. This particular show featured one of their staple high profile agents and the episode was focused on a couple buying a home needing renovation or as they called it "reno". (I  thought they were referring to Reno, NV. Shows what I know.)

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Posted in HGTV
June 15, 2017

Hermosa Beach Homes for Sale: New Construction

Hermosa Beach New Construction Townhome

1635 Palm Dr, Hermosa Beach 90254 MLS SB17135203

Cosmopolitan Sand Section Residence with 60 feet of ocean-facing frontage. It’s a unique feature that exploits an east-west orientation that includes a top floor of panoramic views that stretch across the kitchen and bar area to the dining room and lounge areas. In the midst of this space is a leisured, open-air lounge where sliding glass panels cleverly merge it with the indoors. Featuring 4 bedrooms, 3.5 bathrooms and 3219 sq ft of luxury living space, this masterpiece is a perfect marriage of richly colored wood, concrete, bronze anodized aluminum, tinted glass and porcelain tile. This Chic home even comes complete with a 3 Stop Elevator and Putting Green. This designer property takes maximum advantage of the incredible climate of the area that we are so fortunate to call home. On any given day, the weather outside is so desirable that you may never want to come indoors. The Modernist Design is ideal for creating a home that allows one to soak up the landscape, and weather, from the moment you wake up and within the ease of your home. By creating homes that communicate both visually, and climatically, with the outside it is possible to feel outside without leaving the comforts of your own living room.

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Jan. 17, 2017

North Redondo Beach Dec 2016 Sales

North Redondo Beach Market Recap December 2016

 North Redondo Beach homes are still in very high demand and you can expect the low inventory and Seller's Market of the past few years to continue into 2017. 

 It is very likely that even though many properties are selling at their previous highs prices will go higher but at a slower pace than the blistering price acceleration we saw over the past few years. 

Based on three metrics: 

  • time-on-market
  • sale-to-list price ratio 
  • the frequency of price cuts

the market temperature in 90278 is considered "hot".

There were 43 closed escrows in North Redondo Beach during December of 2016. That is up from 40 during November and closer to the 44 closed escrows during October. 

For the full year, there were 491 total sales in North Redondo averaging 41 closing per month putting Q4 at or above the annual average on a monthly basis. (A separate post will review the full year 2016 results.)

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Dec. 4, 2016

South Redondo Beach Homes Sold November 2016

Redondo Beach November Market Trends

There were 32 closed escrows in South Redondo Beach CA 90277 during November of 2016. 

This is an increase of just about 10% from the 29 properties sold during October. As of this posting there are 51 properties in escrow so we can expect to see a strong finish to the year as these close escrow during December.

There are only 37 available active listings in South Redondo Beach so this is still a fairly strong Seller's Market. At least for now.

By comparison there were 39 closed escrows in North Redondo Beach 90278, 16 in Hermosa Beach and 33 in Manhattan Beach CA rounding out the Beach Cities.

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Nov. 26, 2016

Redondo Beach Shipping Container Homes

Redondo Beach Shipping Container House

A few years ago a friend of mine who owns a lot in the Red Hook section of Brooklyn, NY (think hipster neighborhood for ultra hipsters) had plans to build on a lot he owned using shipping containers. For various reasons, not the least of which was that the property really wasn't zoned for residential he couldn't do it but I've been thinking about ultra modern shipping container homes ever since. One of my questions was compliance with earthquake codes but apparently this requirement can be met as we now see a shipping container home nearing completion in South Redondo Beach CA.

Why Build with Shipping Containers?

Shipping containers typically cost only $1800 – $5000 (some as little as $800) depending on their size. They are readily available for purchase as containers that are shipped to their final destinations are usually too expensive to ship back. These containers are also eco-friendly, as they are re-purposed into homes instead of being melted down when they are scrapped or shipped back empty.

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Nov. 5, 2016

Redondo Beach Waterfront Revitalization Project

Redondo Beach Shade Hotel

 

Redondo Beach Waterfront Revitalization, Shade Hotel, CenterCal and more

No sooner had the Redondo Beach City Council approved the CenterCal EIR for the development of the South Redondo Beach CenterCal project than a new impediment (depending on which side of this you are on) has developed. Here's the latest twist.

Groups including Rescue Our Waterfront, Building a Better Redondo and the South Bay Parkland Conservancy announced the filing of a lawsuit against the City of Redondo Beach over the approval of the Final Environmental Impact Report of CenterCal Properties Waterfront.

The groups believe that the FEIR as approved by the City violated the California Environmental Quality Act, the California Coastal Act and local coastal zoning. On top of that they allege that the proposed boat ramp facility proposed for Mole B is inherently dangerous. This is likely to be part of an ongoing battle of this crucial initiative.

If you are not familiar with the background of all this.....

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Oct. 22, 2016

New Rules for Selling Your Home

PRICING ADVANTAGE

Price Your Home Right the First Time. Your listing will be "hottest" the first ten days on the market.

You might find this surprising considering the "Seller's Market" we've been in but on average 43% of sellers reduce their original asking price at least once and wind up selling for less than the reduced price. Really.

Don't settle for basic pricing comparisons used in most CMAs and AVMs. At best these are indications of value and not what your home may actually sell for which could be higher or lower.

You always want to price your home to be the "next to sell" meaning that in the eyes of potential buyers it has to be a better value than the competition.

STAGING YOUR HOME

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Oct. 20, 2016

North Redondo Beach Neighborhoods

Redondo Beach Townhomes

When many home buyers start their Redondo Beach "House Hunt" they may only have differentiated between whether they are looking in North or South Redondo. As they get more educated, however, they may realize that within each of those zip codes there are further micro markets which in turn have their own pricing models and amenities.

So, let's start with the Redondo Beach Golden Hills which is one of the hottest and most desirable neighborhoods. The primary price driver here is that these homes are often the furthest west you can go in Redondo Beach. In fact many of these homes - particularly those located west of Aviation Blvd may be closer to the beach than homes in East Manhattan Beach. Additionally, some properties may have mountain or city views and an easy bike ride to the beach.

One such area is the "Golden Triangle" section of the Hills which sits just south of Manhattan Beach and east of Hermosa Beach. It is the furthest west location in North Redondo Beach.

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